June 22 (Reuters) – Domino’s Pizza on Monday named Chief Operating Officer Joe Jordan as CEO, counting on his extensive experience with the company to lead it through an uncertain economic environment where consumers are keeping a tight watch on their spending.
Jordan, 53, has held senior roles across marketing and other functions during his 15 years with the company and succeeds Russell Weiner, who is set to retire after a little over four years as the company’s top boss.
Weiner will take over as the company’s executive chairman-designate on October 1.
In April, Domino’s forecast softer annual growth both in the U.S. and in international markets as it contends with weaker consumer spending and stiff competition.
The company’s shares were down about 1.8% at $289.81 in extended trading.
“We view this as an orderly change in ranks but are surprised by the timing midway through the 5-year Hungry For More plan and at a time when we sense U.S. comparable sales are under pressure,” TD Cowen analyst Andrew Charles said.
Jordan’s annual base salary as CEO would be $925,000, and he would be eligible for a target annual bonus of 200% of his base pay, the company said in a regulatory filing.
(Reporting by Juveria Tabassum in Bengaluru; Editing by Anil D’Silva)
By Reuters | Reuters | © Copyright Thomson Reuters 2026.
